* RES 3: 147.74 - High Jan 15 and bull trigger (cont) * RES 2: 146.53 - High Aug 6 * RES 1: 141.48/1...
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The NZD/USD had a range overnight of 0.6050 - 0.6095, Asia is trading around 0.6090. The NZD/USD dipped in sympathy to the move in GBP but again found decent demand back towards the 0.6050 area before bouncing. The relentless pressure on the USD is providing a tailwind and dips towards 0.6000 should continue to see demand. The market will be eyeing the NFP tonight, and will probably consolidate ahead hoping for some clearer direction post the print.
Fig 1: NZD/USD Spot Weekly Chart
Source: MNI - Market News/Bloomberg Finance L.P
0130GMT | 0830HKT | 1030AEDT | S&P Global Singapore PMI |
0245GMT | 0945HKT | 1145AEDT | Caixin China PMI Composite |
0245GMT | 0945HKT | 1145AEDT | Caixin China PMI Services |
0600GMT | 1300HKT | 1500AEDT | HSBC India PMI Composite |
0600GMT | 1300HKT | 1500AEDT | HSBC India PMI Services |
Source: Bloomberg Finance LP / MNI